On July 1, 2024, Kingkey Fin Int announced that it had signed a non-legally binding memorandum of understanding with Azur Pacific Capital Advisors Limited to explore the establishment of a joint venture focused on green energy projects and AI data centers in Thailand. The cooperation aims to support project development through capital allocation and adopt a revenue sharing model with future computing capabilities to meet ESG sustainable development requirements. If the memorandum of understanding is not converted into a formal agreement within 90 days, it will be terminated. The potential partner is a company focusing on renewable energy development in Thailand, currently developing a $150 million urban solid waste power plant complex and a 120 megawatt solar facility. The Board of Directors believes that...Show More

On July 1, 2024, Kingkey Fin Int announced that it had signed a non-legally binding memorandum of understanding with Azur Pacific Capital Advisors Limited to explore the establishment of a joint venture focused on green energy projects and AI data centers in Thailand. The cooperation aims to support project development through capital allocation and adopt a revenue sharing model with future computing capabilities to meet ESG sustainable development requirements. If the memorandum of understanding is not converted into a formal agreement within 90 days, it will be terminated. The potential partner is a company focusing on renewable energy development in Thailand, currently developing a $150 million urban solid waste power plant complex and a 120 megawatt solar facility. The Board of Directors believes that if this cooperation is successful, it will help the group broaden its source of income and seize the business opportunity of combining AI with green energy. At present, the two parties have not entered into a legally binding agreement regarding the memorandum of understanding and shareholders and investors should proceed with caution.